A HOTEL on Anglesey is to have more than £1m pumped into it after a key cutting firm bought the premises for staff to take free holiday breaks.

The Maelog Lake Hotel in Rhosneigr has been taken over by Manchester based firm Timpson which aims to invest substantial cash into transforming the building into a five-apartment holiday block.

The block will be able to accommodate around 25 guests and ensure a steady flow of visitors to the seaside resort, boosting the local economy.

Timpson is also renovating a holiday cottage near Caernarfon, which will also be offered to workers for holiday breaks to North Wales.

John Timpson, fifth generation chairman of the family-owned company, told the Daily Post: “We will invest in excess of £1m into the hotel to create five apartments and update the bar and restaurant which will be available to the general public. This is a vital spot in Rhosneigr.

“We expect this to be very popular and help to bring more people onto Anglesey, people who may have not gone previously and I am sure we will then get a lot of return visits.

“This property will be offered for free to workers so we expect a high demand which will be good news for the local economy by bringing extra people to Rhosneigr, who will then spend money in the local area.”

The company employs 2,500 workers and has other holiday homes in Turkey, Estepona on the Costa del Sol, Bournemouth, and Ribby Hall near Blackpool. It already owns the White Eagle pub at Rhoscolyn and bought the Maelog from Oldham-based brewer and pub operator JW Lees & Co Ltd.

Peter Dunning, businessman and former Anglesey county councillor, said the investment at the White Eagle had helped transform the pub.

He said: “They have put mega money into the White Eagle and I am sure it will be the same at the Maelog.

“This will bring a steady flow of extra visitors to the area and can only be a good thing for the economy of Anglesey and we should be pleased at the investment in the island.”

The refurbishment of the hotel should be completed by next spring but the bar and restaurant are already open.

Pub chain JD Wetherspoon is also looking to open a new pub on Anglesey and currently looking at sites in Holyhead.

Tourism chiefs on the island are tipping Anglesey for a bumper summer this year with a strong Euro putting people off European breaks.